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Butter is also rising significantly because many producers are cutting back on the amount of butter they make in order to produce more cheddar, which has a greater profit margin and is also rising in demand.

Butter production in the UK has fallen seven per cent over the past 12 months and prices from the producers are 91 per cent higher, on average, than this time last year at around £5,730 per tonne.

Bacon cooking in a pan

As with pork, prices on supermarket shelves may not always reflect the whole increase as some retailers absorb the prices.

But there have already been reports that prices are up by between 20-50 per cent in shops.

Not only is the price likely to continue to rise but could also mean shortages by Christmas as supplies continue to fall but demand does not, say analysts.

The Grocer said: "Butter prices have continued to rise over the past month thanks to low supplies across the EU and high consumer demand.

"In the UK, dairies prioritised cheese processing over butter due to increased profitability."